Note 12 – Earnings per share

Group 2016 2015
Earnings per share before dilution (SEK) -1.56 -19.47
Earnings per share after dilution (SEK) -1.56 -19.47
The calculation of the numerator and denominator used in the calculation of earnings per share is detailed below.
Profit/loss for the year
Profit/loss for the year (SEK M) -20 -169
Weighted average number of common shares outstanding before dilution (individual shares)  
Total ordinary shares at January 1 8,708,150 3,427,305
Rights issue 4,301,974 5,280,845
Effect of treasury share transactions -26,920 -26,920
Weighted common shares outstanding during the year, before dilution 12,983,204 8,681,230
Weighted average number of common shares outstanding after dilution (individual shares)  
Weighted average ordinary shares outstanding, before dilution 12,983,204 8,681,230
Weighted common shares outstanding during the year, after dilution 12,923,204 8,681,230

A 1:20 reverse share split was carried out in May 2016. Comparative figures for 2015 have been restated.